life policy means each life insurance and/or assurance policy which serves as collateral security for the repayment of a Mortgage Loan;
life policy means any life insurance policy exclusive of any interest (whether beneficial, contractual or ownership) in such policy possessed or retained by one or more third parties upon such policy’s acquisition by an Affiliate of the Issuer where such retention was contemplated in connection with the acquisition of such policy.
More Definitions of life policy
life policy means a policy by which payment of policy moneys is insured on death or survival, including extensions of cover for personal accident, disease or sickness and includes an annuity but excludes a personal accident policy;
life policy means a policy whereby the insurer assumes. in return for the payment or the promise of the payment of a sum or sums of money or the promise of a periodical payment of a certain premium, a contingent obligation dependent on human life, and includes any contract of insurance customarily regarded as a life insurance contract, but does not include a funeral policy, a personal accident policy, a sinking fund policy or any insurance policy whereby the insurer assumes a contingent obligation dependent on human life in which the contingent obligation forms a subordinate part of the insurance effected by the policy;
life policy means a policy effecting life insurance;
life policy means a contract of insurance made or agreed to be made by an insurer classified under section 51 as transacting long term business;
life policy means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;
life policy means any contract of insurance made or agreed to be made by an insurer classified under long term business;
life policy means insurance business connected with any policy by which payment of policy monies is insured on death or on the happening of any contingency dependent on the termination or continuation of human life and includes any incidental extension of cover (e.g. personal accident, disease and sickness) and reinsurances of such business;